Economic calendar: University of Michigan data, ECB and Fed speakers

• European indices set for higher opening
• University of Michigan data for June
• Speeches from ECB and Fed members
• Final CPI reports for May from France and Poland

European index futures point to a higher opening of the cash session on the Old Continent today. This comes in spite of a mixed trading on Wall Street yesterday and in Asia-Pacific region earlier today. Japanese yen is top laggard among majors after Bank of Japan kept rates unchanged and unexpectedly decided to keep bond purchases unchanged. 

Economic calendar for the day ahead is very light. Traders will be offered final CPI inflation data for May from France and Poland as well as second-tier Canadian wholesale sales report for April. Some additional volatility may be present after release of University of Michigan data and speeches from ECB and Fed members.

7:45 am BST - France, final CPI inflation for May. First release: 2.2% YoY

9:00 am BST - Poland, final CPI inflation for May. First release: 2.5% YoY

1:30 pm BST - Canada, wholesale sales for April. Expected: 2.5% MoM. Previous: -1.1% MoM

3:00 pm BST - University of Michigan data for June.

• Consumer sentiment. Expected: 72.0. Previous: 69.1
• Expectations. Expected: 72.0. Previous: 68.8
• Current Conditions. Expected: 72.2. Previous: 69.6
• 1-year inflation expectations. Expected 3.2%. Previous: 3.3%
• 5-year inflation expectations. Expected: 3.0%. Previous: 3.0%

Central bankers' speeches

• 8:35 am BST - ECB Vasle
• 1:30 pm BST - Fed Mester
• 2:30 pm BST - ECB Schnabel
• 2:35 pm BST - ECB Kazaks
• 6:15 pm BST - Fed MEster
• 6:30 pm BST - ECB President Lagarde
• 7:00 pm BST - Fed Goolsbee